THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 01-6-2020 · CHAPTER I PRELIMINARY
Section 4 — Application of this Part
(1)This Part shall apply to matters relating to the insolvency and liquidation of corporate debtors where the minimum amount of the default is 1[one crore rupees]:
Provided that the Central Government may, by notification, specify the minimum amount of default of higher value which shall not be more than one crore rupees.